It now expects to produce between 320 and 330 million tonnes of the steel making ingredient in 2019, down from a previous guidance of 333 to 343 million tonnes.
Iron ore sinks below $130 for the first time in 148 trading days and coking coal breaks long-held industry rule of thumb and dips below the iron ore price.
Stakeholders say public prosecution is the only way to make Batista accountable, as he has strong ties with influential politicians, including President Dilma Roussef.
China increased imports of iron ore 10% last year to 820m tonnes, but a bigger jump in stockpiles and a flood of new supply have pushed prices down 3% this year.
Your willingness to buy a stock should not be diminished by the fact that it has fallen in price. In everyday purchases, we want to buy things that are selling at discounts. In investing, people tend to prefer stocks when they are expensive and hate them when they are cheap.